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Cycurion, Inc. Announces Pricing of $6.0 Million Private Placement Priced At-the-Market Under Nasdaq Rules with a Single Institutional Investor
Globenewswire· 2025-12-04 12:45
Core Viewpoint - Cycurion, Inc. has entered into a securities purchase agreement with an institutional investor for the sale of 1,657,460 shares of common stock and warrants, aiming to raise approximately $6 million to support its growth strategy in AI-powered cybersecurity and government IT solutions [1][2]. Group 1: Securities Offering Details - The offering includes 1,657,460 shares of common stock and warrants to purchase up to 3,314,920 shares at an effective combined price of $3.62 per share, resulting in gross proceeds of about $6 million before expenses [1]. - The closing of the offering is anticipated on or about December 5, 2025, pending customary closing conditions [2]. - The warrants will have an exercise price of $3.62 per share, are immediately exercisable upon shareholder approval, and will expire five years from the initial exercise date [1][2]. Group 2: Use of Proceeds - The net proceeds from the offering are expected to be utilized for working capital and general corporate purposes [2]. Group 3: Company Overview - Cycurion, based in McLean, Virginia, specializes in IT cybersecurity solutions and AI, focusing on delivering secure and innovative services to clients globally [4]. - The company serves various sectors, including government, healthcare, and corporate clients, and is committed to enhancing digital security through its AI-enhanced ARx platform [4].